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MSCI Grows Investable Index

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LONDON (–MSCI announced that it has added 13 funds to its investable hedge fund index, which now totals 110 funds.

Officials made the changes to the index this week after its quarterly review and rebalancing. The number of investment processes and strategies contained in the MSCI Hedge Invest Index will remain the same.

Investment processes range from directionary trading to event-driven hedge fund styles. The index was established to cater to client demands for a diverse sample of hedge funds representing a broad range of hedge fund strategies, according to an MSCI statement.

The index has grown significantly since its July 15, 2003, launch, when it had 64 constituent funds. According to officials, their offering now has the largest number of underlying funds of any investable indexes.

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Contact Bob Keane with questions or comments at: [email protected].